Shared Flashcard Set

Details

Chapter 1A
Graphs and Their Meaning
8
Economics
Undergraduate 1
10/07/2017
Click here to study/print these flashcards.

Create your own flash cards! Sign up here.

Additional Economics Flashcards

 

 

Cards

Term
Graph
 Definition
A visual representation of the relationship between two variables
Term
Horizontal Axis
 Definition
The first number in a pair of coordinates
Term
Vertical Axis
 Definition
The second number in a pair of coordinates
Term
Independent variable
 Definition
The variable that changes
Term
Dependent Variable
 Definition
Variable changed from independent variable
Term
Ceteris Paribus
 Definition
to hold other things equal
Term
Direct Relationship
 Definition
Both Variable move in the same direction
Term
Inverse Relationship
 Definition
Variables move in opposite directions
Supporting users have an ad free experience!